“This property fits well within our value-add acquisition strategy,” said Steven Kossoff, Meridian Development Group’s managing director. “The strength of the I-75 corridor submarket in terms of its labor pool, infrastructure, and easy access to other major submarkets is driving demand for quality office and flex space.”

Kossoff said the substantial residential growth in the surrounding areas is a key indicator of the need for office and flex space. All three existing tenants at the property are home builders: KB Home, Mattamy Tampa LLC, and Homes by West Bay.